Ather Energy IPO

Summary*

Ather Energy, an Indian electric scooter manufacturer founded in 2013, has reached unicorn status after raising $71 million from the National Investment and Infrastructure Fund (NIIF). The company, known for its smart and connected electric scooters, has been making significant strides in the rapidly growing electric vehicle market in India.

This latest funding round values Ather Energy at over $1 billion, marking a major milestone for the Bengaluru-based startup. The investment from NIIF, India's sovereign wealth fund, demonstrates growing confidence in the electric mobility sector. Ather has been expanding its production capacity and retail presence across India to meet increasing demand for its scooters.

Reports suggest Ather Energy is gearing up for an initial public offering (IPO) in the near future. The company has already taken steps in this direction by converting from a private to a public limited company in June 2024. According to sources, Ather has appointed investment banks HSBC, Nomura, and JPMorgan to assist with the IPO process.

Several factors may influence Ather's IPO plans, including overall market conditions, investor appetite for EV stocks, and the company's financial performance. Ather reported flat revenue of around ₹1,789 crore in FY24, with losses widening to ₹1,059 crore. However, the company has been investing heavily in expanding production and launching new models like the Rizta family scooter.

The electric two-wheeler market in India is seeing increased competition and investment activity. Ather's potential IPO comes on the heels of rival Ola Electric's successful stock market debut. As Ather Energy continues to strengthen its position in the industry, an IPO could provide the capital needed to fuel its next phase of growth in the evolving electric mobility landscape.

How to invest in Ather Energy

While Ather Energy's IPO prospects remain uncertain, investors eager to gain exposure to the electric vehicle industry don't have to wait. At Linqto, we offer members access to interests in promising pre-IPO private companies, including potential leaders in the EV and clean energy sectors. Our platform allows you to diversify your portfolio with lower minimum investments, potentially benefiting from the growth of innovative companies like Ather Energy before they go public.

Sources

*These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO. The information provided above is based on current online discussions and is not intended as investment advice. Linqto does not endorse or guarantee the accuracy of this information, and we strongly recommend conducting your own research or consulting with a professional advisor before making any investment decisions. Linqto cannot be held liable for any investment outcomes resulting from the use of this information.